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Search Results 0 to 49 of about 87 (some duplicates have been removed)
Jan 31, 2013 6:30pm PST
of the thursday trading session from frankfurt. -- our correspondent sent us the summary of the there's a trading session. >> the trading session surprised the people on the frankfurt floor, it is all the more surprising that shares of deutsche bank were among the day's best with a clear gain. investigators concentrated on two points -- first, they are of the opinion that most of the possible damage claims or penalties have been worked into the fourth quarter, so that there is a fresh start possible, at least in the view of investors, for 2013. they agree that it is a good thing that deutsche bank says at least for now that it will not issue new shares, which have watered down the value of the old shares. instead, in order to weather itself for new financial storms, it wants to get rid of risky business, a good decision, people here think. >> we stay in frankfurt for a closer look at thursday's numbers. the dax finished thursday session down by nearly 0.5%. euro stoxx 50 down by more than a full percentage point. across the atlantic on wall street, the dow at this hour trading -- well, let's call
Feb 12, 2013 6:30pm PST
the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> more and more signs show that the worst may lie behind german companies. although profits broke down, the incoming orders sent out a little glimmer of hope, which did not lead to a party on the frankfurt floor, so traders at other reasons to party. it is carnival day, and this tuesday, it is the traditional day when traders dress up in costumes and keep on partying a little bit, listening to music and start of dancing. although the situation in general is not a rally situation. >> let's get a close enough that those market numbers. the trend in frankfurt was positive on tuesday. the dax closing the day at 7660. the euro stoxx 50 up by a nice down 1% of. in new york, the positive momentum continues. markets are still open, and the doubt is about 0.5% higher. the euro trading for $1.3453. >> well, the world's biggest party, apparently, is under way in rio de janeiro. revelers from around the globe are there to celebrate carnival. >> every year, a massive parade runs the city with while custo
Feb 1, 2013 6:30pm PST
said as the summary of the trading session in frankfurt. >> the people here on the frankfurt floor seemed headed for a quiet end to the week, but then the united states came into the picture. economic news came in first from the labor market. it was so-so, but then data came from the housing market and from the manufacturing sector, and both looked much better than people expected, pointing to expansion for the world's largest economy. that sent the dax up. also share prices on wall street. it also sent the euro up, now trading at a very high level, one of the guinness this week. the dax clearly up for the day. this week was not such a good one for the week. the dax is just a slight loser. >> let's take a quick run through friday's numbers, starting off with the dax. it finished up by points of a 5%. the euro stoxx 50 in positive territory as well. the dow at this hour of the more than 1%. the bureau, as we heard, strong against the greenback, trading at a value of $1.3666. >> it is just one day after the "new york times" reported a hackensack american firms. "wall street journal a
Feb 7, 2013 6:30pm PST
from the frankfurt stock exchange. >> the euro dollar exchange rates declined significantly while and after the ecb president spoke at his press conference here in frankfurt. draghi said that the key interest rate for the eurozone remains stable at 0.75%, but he also said one risk for the economy in the eurozone was the appreciation of the euro/dollar exchange rate, meaning it is getting tougher to export goods and services out of the eurozone if the euro gets too expensive. that is why he underlined several times that the monetary policy stance of the ecb remains accommodative. some investors now are betting on lower interest rates for the eurozone or other monetary policy ideas to keep the euro in check. >> welcome to the raw numbers from the markets today -- the dax finished on a slight gain. euro stocks 50 dropped nearly 0.75%. across the atlantic, the dow is down 5.41%. the euro is down quite a bit, to $1.3395. >> in europe, ireland has structured a deal to restore a chunk of its debt. >> the deal means that the debt took on during the bailout will be paid back over a much lo
Feb 8, 2013 6:30pm PST
frankfurt. >> not many people here at the exchange dare to give a forecast where -- as to if german exports this year will be as strong as last year's. one factor which supported exports last year was the relatively low euro/dollar exchange rate, and nobody can tell what it will do this year. on the stock trading floor in frankfurt this friday, the dax managed to climb slightly towards the end of the trading day. also thanks to a positive development of the u.s. trade deficit. but still, traders are not heading into the weekend in a positive mood. outlooks that companies have been giving, and of course on the trading week, were not convincing, and that is why the dax lost more than 2% in the course of this trading week. >> a quick look at the market numbers now -- the dax closed up 5.81%. the euro stoxx 50 gain more. in new york, the dow is going up by about 0.3%. the bureau is now trading at one -- $1.3358, slightly down. >> talk about going against the mainstream -- the ceo of volkswagen says he wants to take a pay cut even though under the company's rules, his salary should be going up b
Feb 13, 2013 6:30pm PST
from the frankfurt trading floor. >> sometimes it is not easy to guess the share price after reading the balance sheet. shares of peugeot rallied up to more than 6% here on the frankfurt floor. investors appreciated the restructuring plans. the market in general did benefit from glimmers of hope according to the economy in the euro area. industrial production rose sharper than people expected, so some investors were saying that the worst may lie behind the european economy, and this led to the fact that some investors started buying shares again. >> the markets by the numbers now -- the dax was up to 7711. euro sotxx t 50 --oxx -- stoxx 50 up a little bit less. the euro down trading at $ 1.3441. the european horse meat scandal has reached germany where authorities said they are looking into products labeled as beef that may contain horse. >> this is from eu countries hardest hit by the scandal. the irish agricultural minister said that investigations should be coordinated by european authorities. others insisted that so far, there is no threat to human health. authorities are inves
Feb 14, 2013 6:30pm PST
. we have more from the frankfurt stock exchange. >> the gdp figures coming for germany and the euro areas soured the mood on the frankfurt floor, especially for germany. traders thought that companies would have started sound investment in the fourth quarter, which did not happen. shares have been dragged down, mainly because of the fact that the euro area is stuck in a recession, but nevertheless, there is a light at the end of the tunnel. leading indicators showed that the german economy may have bottomed out yet, and that also the euro area may be back to the road of success, although it will be a very bumpy ride. >> the markets by the numbers now -- the dax down a bit, over 1%, to 7631. euro stoxx down a bit less. in new york, the dow is down just barely -- 13,975. the euro is trading against the dollar at $1.3339. >> now, billionaire investor warren buffett wants to dip into the catch of business. he is set to buy perhaps the world's most famous maker of ketchup. that is heinz. >> shares in heinz rose sharply on the news, gaining 20% by the end of the day. the pittsburgh-based
Feb 20, 2013 6:30pm PST
of the midweek trading session from the frankfurt stock exchange. >> traders are very aware of the problems citizens of the debt- ridden countries are facing. the question is if the government's stick to theprefore the situation is worsening. this is the biggest question with regard to italy. traders fear berlusconi may come back and spend the entire recovery process. shares have been a burden. shareholders have been disappointed by the decision to huge profit. >> we said in frankfurt for a closer look at wednesday's numbers. let's start off at the tax -- it closed down by 0.3%. euro stoxx 50 also suffering a setback, finishing all the way down to 640. on wall street this hour, the dow trading slightly to the downside. the euro weaker against the greenback, trading at a value of $1.32989898 >> now to one of the biggest arms bazaars in the world. the international defence summit in of a doubt become so close tomorrow only weeks before the united nations needs to finalize a historic arms trade treaty. >> amnesty international warrants it would not even cover most of the weapons on display at
Feb 21, 2013 6:30pm PST
correspondent said as the summary from frankfurt. >> a very bad day at the stock market. german shares have been heavily under pressure. traders suffered from lots of bad news. the minutes of the latest fed policy meeting have been the major troublemaker. traders fear that the fed may soon stop it's very generous monetary policy, but the cheap money is a big driver of the stock markets. weak economic data troubled or worried traders, dashing hopes of a quick recovery of the countries in recession, but the upcoming election in italy was also a reason to sell shares. >> we say in frankfurt for a closer look at thursday's numbers. the dax finished the session down by nearly 1.9%. europe stoxx 50 -- will get that, bigger losses. in new york, the dow down by the 6.1%, and the year of trading at a value of $1.3178. >> all right, toy maker lego is getting a big boost, largely thanks to a controversial product called lego friends and and girls between the age of 5 and 9. feminists do not like the product. they accuse the company and gender stereotyping. >> despite that, the lego addition has been a huge
Feb 26, 2013 6:30pm PST
correspondence sent us this report from the frankfurt stock exchange. >> a lot of tension with traders in the frankfurt exchange. nobody really finding it very humorous what is happening in italy, and it shows dramatically what happens when a country gets in trouble, and it shows how quickly that can happen and how seriously the problems can run. nobody here really knows what to expect in the next couple of weeks with that stalemate in italy. it shows that the euro sovereign debt crisis is not over, and the effects are quite dramatic as well. there are serious share price losses across the board, especially in the financial sector, not just for italian financials but also for the german ones. people are now hoping that it does not affect the euro too much in the next couple of weeks. what is being sought after is a safe haven. people are finding it in german government bonds. >> we stay in europe where it is sharply lower on the day for the dax. about 2.25% lower, all down to that uncertainty in italy. over in new york, a different picture. stocks recovering a bit after a big sell-off
Feb 23, 2013 6:00am PST
. the frankfurt defender managed to stop two near misses. the goalkeeper also managed a couple of spectacular saves. the dry leaves frankfurt fourth in the standings. this week's soccer action will see a battle for survival between two struggling teams. they're taking on the 16th place team. a single point separates the two sides. both the see the saturday dual as a chance to escape the fate of relegation. drastic times call for drastic measures. the training is being held in secret ahead of the big game. both sides are desperate to win to avoid relegation. >> we are excited about the game. we feel we have caught up to them. we're chasing them from behind. after the 90 minutes, we want to have pulled ahead. >> fought hard to avoid dropping to the second division. the team has lost only one game since the winter break. it has only posted to dublin's all season. the draws are not enough. they need a victory. they decided to close trading to fans and media. they are under intense pressure ahead of the big match. they've only one wants to the last 12 games. it is also facing the possibility of a
Feb 7, 2013 4:00am EST
, decision time, of course, in frankfurt. we're not expecting a change in policy, but we are looking for any explicit reference to the exchange rate or future moves that might weaken the euro. sylvia is in frankfurt for us. sylvia, when we're in davos, the comments from the ecb, mr. draghi, we don't care about the ecb change or comfortable with it, to paraphrase it. i wonder whether the speech this week from mr. hollande has any impact whatsoever. >> nope. we've already heard this from the ecb many, many, many times before over the past more than a decade. there is no exchange rate target. we haven't got an exchange-rate-oriented policy. the ecb doesn't in its comments care about the exchange rate as long as there are no disorderly market conditions. that's when they start getting worried, when the pendulum swings to high, when it gets erratic, when there's panic in the markets. like we had panic in the markets in the last few years. that's when the alarm bells at the ecb go off. not when there's a slow or gradual move. that's what the central bank governor earlier said this week. and i dare
Feb 8, 2013 4:00am EST
agreed and brokered in brussels and monetary policy on the other side coming out of frankfurt is pretty clear still. all that matters are those three words in july. whatever it takes here. it's still a monetary policy driven world and it seems as though it's frankly become more of a side show between what's happening with the leaders between these countries yesterday and today. >> yeah. i think the eu is not a huge event. it's an interesting story, but it's not something that's going to influence draghi. i think there is a disconnect between financial markets and the real economy and i think that's been pretty clear over the last six months. ever since draghi said those three words, financial markets with their sovereign spreads or whether it's equity markets, it's been one way risk on. the euro area economy remains in recession and there are not really any clear signs of an imminent improvement. draghi, when asked about whether do you expect your area to recover were he was vague about giving that answer. in previously months, he said you'll see a recovery in the second half of the yea
Feb 1, 2013 4:00am EST
of that, we'll be in frankfurt. where real estate group leg has gone public, the biggest real estate deal in frankfurt since about 1997. the ceo will just us in just a few moments. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. you don't really have to give up living, because you don't have your legs. hoveround replaced the legs. and now every hoveround comes with this handy tote bag and cup holder for access to your favorite items. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround take
Feb 11, 2013 4:00am EST
% now say they'll vote against the buyout. as far as dell's stock is concerned in frankfurt, it is still up 2%. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >> absolutely. there's another story regarding google. i think i read wherever the local headquarters of the local airport are lobbying to expand the airport. >> it's like when walmart went to arkansas and they had to sort of completely redo this little area in arkansas to we'll with the walmart dealers and suppliers. we'll see. >>> president obama is giving his first state of the union address tuesday night. oh, this is annual, isn't it? he's expected to push his economic agenda. the president will outline spending
Feb 4, 2013 6:30pm PST
sends us this summary of monday's trade from the frankfurt stock to change. >> the profit warning really made the mood turned sour here at the exchange. adding to this war reports about weaker than expected factory orders in the united states. concerns about the eurozone resurfacing due to allegations of corruption against the spanish prime minister and growing uncertainty ahead of the parliamentary election in italy. many people here keep hoping that the dax can reach 8000 soon. that would bring a lot of earnings reports for several companies that could beat analyst expectations like the time where -- like daimler and if you engineering companies. >> closing today at 7638 for the day, a drop of under 2.5%. eurostoxx down 3.5%. the dow jones at this hour is down a little less than 1%. the euro is trading ended -- trading at $1.3510. >> abu dhabi's airways posted a two under% rise in net profits helped by its acquisition of a 30% share in air berlin in late to those 11. the artistic director of the bolshoi ballet will be seeking treatment to continue dealing with the effects of an acid at
Feb 5, 2013 6:30pm PST
correspondence sent us this summary of tuesday's trading from the frankfurt stock exchange -- our correspondent said us this summer. >> some shares were strongly in demand while others found themselves deeply on the downside. some of the tightening rules might make strong banks even stronger, and that banks could profit which have many corporate clients and many international clients. stock market in general this tuesday managed to recover somewhat from the losses of the beginning of the week, also due to positive economic data. the german engineering sector managed to post a significant increase of factory orders again. >> a look now at the raw numbers from the markets. the dax ended the day of a bit, more than 0.3%. euro stoxx 50 rose nearly a full percentage point. the dow jones is up 0.87%, and the euro is trading against the dollar at $1.3579. >> the u.s. justice department is suing standard and poor's for its alleged role in the 2008 financial crisis. wall street investors say they were expecting the move. in 2007, the ratings agency made its fortune by giving high credit ratings to worth
Feb 6, 2013 6:30pm PST
the frankfurt stock exchange. >> the german manufacturing sector posted an increase of factory orders again, but the increase was not as strong as economists had anticipated. this means that business sentiment and sentiment among experts might have been a bit too optimistic compared to the hard facts of the economy. concerns like this weighed on the stock market this wednesday and broadly all over europe, shares of the banking sector were being sold. the news that the royal bank of scotland has to pay fines of nearly 500 million euros because of the libor scandal reminded investors that many more allegations of manipulation of key interest rates are under investigation currently. >> we've got the markets by the numbers now. the dax was down 1.09%. euro stoxx 50 down by 1.28. at this hour, the dow jones is down by 0.18%, and the euro is trading at $1.3517. that is a little bit down. in europe and elsewhere, there's a groundswell of support for putting an end to female genital mutilation, a practice which mainly targets girls before or as they enter puberty. >> it is the international day of
Feb 11, 2013 6:30pm PST
us this report. >> traders in frankfurt and discussed its help for cyprus is really necessary. they say it's rather small, but they fear a domino effect if the country would really fall. trading in general is low today. dax has been flat line all day on this rose money, a big carnival othey. investors are waiting and for the end of the carnival days. many european banks will probably report their results. this will also be written into prisons. >> as mentioned, not a whole lot of movement on monday. closing about 25% -- 0.25% lower. it is a similar story for the eurostoxx 50. the dow jones considering slightly lower, but the euro against the dollar is higher at $1.3411. finally, it is rose monday here in germany, the high points of the annual carnival festival. celebrations are especially rowdy in the rhineland region. the costumes may not be as big and colorful as those in rio de janeiro, but the you revellers give it their best shot. >> carnival revelers marching through cologne. this year's model, carnival is in your blood. dance groups from as far away as rio de janeiro ar
Feb 15, 2013 6:30pm PST
, shares made gains in frankfurt. >> shareholders now might really think that all bad stories that could have been told already have been. now it is time for recovery. this is why shares were up. investors were hoping that the bank will be able to earn money again, also because of the fact that the markets at the moment look more friendly. this makes it easier for banks to survive. the market in general today did not look too well after trying to get into positive territory. the dax went down, and traders said it was because of economic concerns, not only in germany and europe, but also in the u.s. >> we can take a quick look at the markets now. the dax lost 0.5% to close at 7593. euro stoxx 50 also finished at a loss. on wall street, the dow was down slightly, and the euro is trading against the dollar at $ 1.3354. >> g-20 finance ministers meeting in moscow to look at ways to boost the global economy. >> at the top of their agenda is stopping currents -- countries from using their currencies to gain an unfair economic advantage. japan's bank is under particular scrutiny for currency ma
Feb 19, 2013 6:30pm PST
correspondence sent us this summary of the trading session in frankfurt. >> for the first time in weeks, traders had a reason to be happy again. stronger than expected zew investor sentiment was even welcomed with applause. after the heavy growth decline in winter, the data indicate a strong comeback of the german economy, driving up the european markets, but the euro was lagging behind because currency traders are already worried ahead of the election, which will take place on sunday. there was high demand for cars shares despite the record low of overall european car sales in january. sales by germany's premier car makers bmw and daimler rose again. analysts take a closer look at the closing numbers. euro stoxx 50 up. the dow up by nearly 0.4% this hour. the euro a bit stronger against the greenback at $1.3386. >> after the break, we will be bringing you a football revolution. >> but first, other stories making news this hour -- >> the united nations says the death toll in afghanistan has fallen for the first time in six years. a new united nations report says civilian casualties' dropped 12%
Feb 22, 2013 6:30pm PST
on the eurozone economy worried currency traders. >> we stay in frankfurt for a closer look at friday's numbers. the dax up by more than a full percent at 7661. euro stoxx 5 those doing much better -- 50 doing much better. across the atlantic, the dow once again flirting with 14,000, and the year of trading at a value of $1.3179 -- euro trading at a value of $1.3179. interior minister has been given the task of forming a new government after the resignation of the prime minister who lost support in an apparent power struggle between his party's moderate and hard-line wings. liberals in the country accuse the incoming prime minister of not doing enough to stop violence by radical islamists. germany's defense minister might have jumped the gun on announcing with the u.s. plans to do in afghanistan. at least -- he says at least a thousand american troops will stay in afghanistan after 2014 when international troops are due to pull out. >> but washington says it is still considering its options. >> in brussels, defense ministers have been debating what will happen when troops finally withdraw from
Feb 25, 2013 6:30pm PST
on financial markets. our correspondent from frankfurt stock exchange has more on the ups and downs of the day. >> anything but an easy and steady start to the week. election results in italy for providing rate relief for the traders here and looked as though burlesconi would not be having any influence on policy in the future, but as new results came in, it looked doubtful that he could be excluded from having a say in how the country would be governed. the people here at the stock market do want a stable government than they do want reform-oriented policy, and they do want financial pressure from the markets in terms of italy to be reduced in the near future. now, with this result, things do look to dampen. the share prices at the end of the day no longer as good as they were in the beginning. >> let's take a closer look at the market numbers. a roller-coaster ride with the dax ending higher. is similar story for the euro. in new york, trading is still under way for the dow jones. investors there are a bit more nervous about what a divided time in parliament and what it could mean for eurozo
Feb 27, 2013 6:30pm PST
as people had feared. >> you can see bounce back on the board there in frankfurt. it was pretty much the same thing across europe. over to new york where the dow jones is putting on an impressive 1.03%. the euro trading up. eads has good news for investors. profits up by 19% last year. >> defense giant bae did not take as much of a toll a stock. >> the forecast is also positive. >> for eads, 2012 could have been worse. despite production and delivery problems, technical glitches, and a merger that never got off the ground, the bottom line was solid. the ceo said its airbus unit set a new sales record. >> we have a strong revenue growth overall for the entire group of 15%. operating margins have been considerably higher. i would say we are well on our flight path towards our target of around 10% return on sales in 2015. >> the outlook is solid largely because carriers are updating their fleets. airbus and its u.s. rival can barely keep up with demand. even battery problems on boeing 's dreamliner and production problems with airbus have done nothing to dent demand. >> more internation
Feb 28, 2013 2:30pm PST
. what about the reception in the markets? how are these new proposed regulations going down in frankfurt? >> people think that it is a valid question to limit the bonuses. bonuses are being seen as largely responsible for what happened in setting the wrong kinds of incentives in order to have risky behavior. so, there is support for that. it is important to gather popular support for the financial sector, which has suffered through this financial crisis. but people do say investment bankers being the people they are might very well find a way around earning less through this. people don't think that is going to happen. >> in corporate news, we have some high-profile german companies out with results. some extremely good. some looking pretty bad. >> bayer is looking very good. they are making a record year. their share price shot up to a record level as well, promising a higher dividend and 2013 being a good year. deutsche telekom, the largest phone company here, not such a good result, 5 billion lost in 2012, cutting the dividend. that share going down. the market losing a little steam.
Feb 2, 2013 6:00am PST
to frank ward -- frankfurt introduced another blooper, with a result that sent them to 17th place and one of the automatic relegation spots. they have now dropped the keeper with an unusual explanation. >> he cannot catch a break at the moment. with the pressure that he is under he has to go into every game thinking he has to be immaculate. it is inhuman. dealing with the situation accordingly is part of our responsibility. >> they will be hoping time out of the limelight helps the number one get their act together, and his teammates will have to try to atone for his errors. x has a distinctive style and it happens to be western europe 's tallest building. we are talking about the latest addition to the london skyline. visitors piled in to see the ribbon cutting on the building once described as an intergalactic sphere. while the platform might only be 240 four meters high, it still offers an unbeatable view of the london skyline. tickets will cost 30 euros apiece. that is all for us from now, but the news continues, so do stay with us. [speaking new language -- foreign language] ex what
Feb 27, 2013 3:00am PST
to nuremberg and back to frankfurt. one of the things i paid attention to is safety transportation issues, of course. * and drinking water. so, i used to attend many of your meetings before. i'm now more with [speaker not understood], san francisco county transportation authority and so on and so forth. but i want to bring to your attention is that i take public transportation. so, i really know what is happening when i take muni. * what we need to be very leery that all the tools that we have on our buses are some standard and in place. so, when we say we have cameras on our buses, we better have cameras on our buses. do not listen to anybody who states -- gives you some statistics on some incidents when their system itself has no standards. in other words, when somebody speaks, they can talk the talk. but to walk the walk you need empirical data. you need to have it vetted. so, i know a lot about the stats that the san francisco public -- the san francisco police department has. i know too much about it. those are my qualifications with incidents for having worked with the united state
Feb 1, 2013 7:30am EST
%. frankfurt gaining by a quarter percent. paris cac 40 higher by .8%. earlier in the day we saw a mixed bag. china's two factory data set the tone. reading of hsbc numbers came out strong but the official figure fell short of market expectations. also the yen's further decline helped to bolster tokyo stocks. on to currencies the dollar has recovered. dollar/yen 92.09-13. dollar buying remains pretty strong that's because market players believe the u.s. economy will be able to maintain its momentum. the euro also gaining ground as germany's factor activity gained. i want hit the 126 yen level for the first time in two years and nine months. seeing a bit of a pull back, 125.68. that is going to do it for biz tonight. >>> journalists got access this week to a damaged and dangerous facility they often report on but rarely visit. the operators of fukushima daiichi allowed the media to tour nuclear plant. a team from nhk went inside. tokyo electric power officials have restricted access to fukushima daiichi since the facility was crippled from the tsunami. three reactors suffered meltdowns. the p
Feb 5, 2013 7:30am EST
by 0.5%. gains for the frankfurt market of just over 0.1%. and paris' cac 40 up 0.9%. the picture in asia today, almost a sea of red with the exception of shanghai there. japan's nicky snapping a five-day streak. they hope authorities will take steps to stimulate the economy. >>> looks like the yen's decline is proving to be quite a boone for toyota motor. the carmaker is predicting it will post its first operating profit in five years, thanks to the currency's weakness. toyota managers have revised their profit estimate upward for the fiscal year ending in march. they say they're expecting now a profit of about $1.6 billion. that's quite a change from just a few months ago. in november they were looking for a loss of more than $200 million. managers say the weakening of the yen since mid-november will improve export margins and push up profit by more than $1.5 billion. they also note that cost-cutting efforts at factories have also been a bit of a help. managers have also raised the profit outlook for the toyota group by 9.5% in yen terms to more than $12 billion. that does inclu
Feb 6, 2013 7:30am EST
. we're seeing gains in london of about .4%. frankfurt dax is down a quarter of a pennsylvania and paris cac lower. a senior official of the international monetary fund has expressed a report for japan's economic policies but expressed a need for the country to take steps to rein in fiscal health. the finance minister met visiting imf managing director david lipton here in tokyo. he briefed him on the government's policies. he explained about the recent joint statement between the government and central bank. that statement seat 2% inflation target. he also referred to a supplementary budget plan which has a stimulus worth $100 billion. finance ministry officials said he understood them and said they were necessary. the meeting came amid concerns voiced by germany and other countries opinion they are saying japan's policies could be intended to guide the yen lower. >>> two major japanese automakers have revised their profits. mazda motors says it expects to post $480 million in operating profit up 80% when you calculate it in yen from its previous estimate. mazda's president is
Feb 12, 2013 7:30am EST
taking profits. london's ftse is trading higher by 0.4%. frankfurt's dax is up 0.25%. london is up 0.25%. and paris has gains of 0.5% at the moment. >>> before i get into the currency levels, i want to give you this piece of news just in. the group of seven finance ministers and central bank governors has issued a statement reaffirming they are committed to market-determined exchange rates. they stressed that they will continue to consult closely on foreign exchange markets. japan's finance minister oso made the statement available to reporters as the yen's rapid fall continues. now, in the statement, the g-7 members said they agreed excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. currency issues are expected to be high on the agenda at a g-20 meeting to be held in moscow starting friday. >>> and now let's get a check on the latest currency levels following that statement. the dollar against the yen is little changed around the 94 yen level. news of north korea's nuclear test appears to have had a lim
Search Results 0 to 49 of about 87 (some duplicates have been removed)